PR Newswire
London, May 29
| For filings with the FCA include the annex |
| For filings with issuer exclude the annex |
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | Pacific Assets Trust plc |
| 2 Reason for the notification (please tick the appropriate box or boxes): |
| An acquisition or disposal of voting rights | Yes | |
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | No | |
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | No | |
| An event changing the breakdown of voting rights | No | |
| Other (please specify): | No | |
| 3. Full name of person(s) subject to the notification obligation: iii | Lazard Asset Management LLC |
| 4. Full name of shareholder(s) (if different from 3.):iv | MELLON TRUST MORGAN STANLEY PRIME BROKERAGE NORTHERN TRUST CO STATE STREET BANK - CUSTODY MASTER TST STATE STREET BANK - MASTER TR-ETC STATE STREET BANK - CUSTODIAN - ETC BANK OF NEW YORK, INC - GLOBAL CUSTODY JP MORGAN CHASE - SWIFT |
| 5. Date of the transaction and date on which the threshold is crossed or reached: v | 28 May 2015 |
| 6. Date on which issuer notified: | 29 May 2015 |
| 7. Threshold(s) that is/are crossed or reached: vi, vii | Decrease From 13% to 12% |
8. Notified details:
A: Voting rights attached to shares viii, ix
| Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | |||
| Direct | Direct xi | Indirect xii | Direct | Indirect | |||
| Ordinary GB0006674385 | 15,199,025 | 15,099,025 | 12.922% | ||||
| B: Qualifying Financial Instruments |
| Resulting situation after the triggering transaction |
| Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
| Resulting situation after the triggering transaction |
| Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | |
| Nominal | Delta | |||||
| Total (A+B+C) |
| Number of voting rights | Percentage of voting rights |
| 15,099,025 | 12.922% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
| Lazard Asset Management LLC controls all the voting rights held of this issuer. |
| Proxy Voting: | |
| 10. Name of the proxy holder: | n/a |
| 11. Number of voting rights proxy holder will cease to hold: | n/a |
| 12. Date on which proxy holder will cease to hold voting rights: | n/a |
| 13. Additional information: | n/a |
| 14. Contact name: | Mark Pope For and on behalf of Frostrow Capital LLP Company Secretary |
| 15. Contact telephone number: | 0203 008 4913 |
